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The Guardian - AU
The Guardian - AU
National
Alan Vaarwerk

Afternoon Update: Labor’s gas reservation plan; snowfall in several states; and inside the making of Moulin Rouge

An offshore oil and gas platform at sunset
Gas companies will need to prove to the federal resources minister their domestic obligations have been met in order to sell overseas. Photograph: Horizon International Images/Alamy

Good afternoon. Gas companies will be forced to set aside 20% of export volumes for Australia’s use under a scheme designed to shore up supplies and bring down prices for households and businesses on the east coast.

Under the policy, which will start on 1 July 2027, companies would need to prove to the federal resources minister that their domestic supply obligations have been met to secure a permit to sell to the overseas spot market.

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